Department for Business, Energy and Industrial Strategy

Regulation Update

Chris Skidmore: I am pleased to announce to the House today the approach that the Government will take to develop a regulatory system fit for the industries of the future. The Fourth Industrial Revolution is characterised by rapid technological change that has the potential to transform our economy for the good. It can drive the creation of new sectors, powered by breakthroughs in areas such as artificial intelligence and robotics. It can help us find new ways of diagnosing and treating diseases or novel approaches to cutting carbon emissions and tackling climate change. It can give consumers greater choice and lower prices through greater competition. To seize the opportunities that this wave of new technology brings, we must ensure that our regulatory system is open to innovation while maintaining protections for citizens and the environment. The need for reform is urgent: 92% of businesses from a range of sectors think they will feel a negative impact if regulators don't evolve to keep pace with innovation in the next two to three years. We start from strong foundations. We are ranked among the top 10 global economies by the World Bank for the ease of doing business in the UK, with the quality of our regulatory practices given the highest overall country score by the Organisation for Economic Co-operation and Development. Our regulators have pioneered cutting-edge approaches such as regulatory sandboxes, which have been emulated across the world. But we must not stand idle as change approaches. Our modern Industrial Strategy committed to developing a new agile approach to regulation that supports innovation and protects citizens and the environment. The White Paper on Regulation for the Fourth Industrial Revolution sets in motion the reforms our regulatory system needs to meet that commitment, building on recommendations made by the Council for Science and Technology. We will establish a Regulatory Horizons Council to advise the government on regulatory reform needed to support the rapid and safe introduction of technological innovation. The Council will complement and draw upon existing horizon-scanning activity across government to put the UK at the forefront of the industries of the future. The Council will also advise on where greater public dialogue is needed to build trust in how innovation is regulated. We will consult on a digital Regulation Navigator for businesses to help them find their way through the complex regulatory landscape and engage with the right regulators at the right time on their proposals. We will also consult on measures to enhance co-ordination between regulators to ensure that innovations are guided smoothly through the system. We will support regulators to play a greater role in the innovation economy, including reviewing the case to extend the Regulators’ Pioneer Fund. We will also pilot an innovation test so that the impact of legislation on innovation is considered as it is introduced, implemented and reviewed. Building on our global leadership in regulatory practices, we will enhance our influence by establishing a partnership with the World Economic Forum Centre for the Fourth Industrial Revolution to develop regulatory approaches for new technologies.   


This statement has also been made in the House of Lords: 
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Business Update

Kelly Tolhurst: Today I will be placing a copy of a Consultation Document entitled: ‘Smart Data: Putting consumers in control of their data and enabling innovation’ in the Libraries of the House. This outlines the conclusions of the Smart Data Review that was announced in the Modernising Consumer Markets Green Paper and consults on future action by the Government. The consultation sets out our vision for an economy where consumers’ data works for them and not against them. Data needs to be smart: easily and instantly accessible to consumers and be able to be safely and securely transferred to third party services who can use this data to provide innovative services for consumers. This is what we mean by Smart Data. The consultation focuses on introducing new Smart Data initiatives to improve consumer outcomes and promote innovation in regulated markets. The key proposals we are consulting on include: Accelerating the development of innovative data-driven services through the establishment of a new cross-sectoral Smart Data Function to support, manage and govern the delivery of smart data initiatives Introducing an Open Communications initiative in the telecoms market to require communications businesses to provide consumers’ data to third party providers at the consumer’s request to increase switching and stimulate innovation Establishing a Vulnerable Consumer Challenge to encourage data-driven innovation to improve outcomes for vulnerable consumers Introducing strong data protection requirements and a cross-sectoral approach to regulation of third-party providers using smart data to build trust and minimise burdens on business.These initiatives build on the approach in Open Banking, which is enabling consumers to ask their bank to share their current account transaction data securely with third parties. We have seen an explosion of new services that seek to make life easier for consumers, for example, through bringing together their current accounts into one platform or finding new ways to help consumers build an accurate credit score.As announced by the Prime Minister yesterday, we are also signalling our agreement with the recommendation of the Digital Competition Expert Panel’s recommendation to establish a new Digital Markets Unit to promote, among other things, data mobility and data openness across all sectors. As we take forward proposals on Smart Data, we will work closely to coordinate and integrate the recommendations as appropriate.


This statement has also been made in the House of Lords: 
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Home Office

Publication of implementation stock-take by Lord Anderson of Ipswich

Sajid Javid: Following the 2017 terrorist attacks in Manchester and London, MI5 and Counter-Terrorist Policing conducted a review process which looked at how intelligence was handled prior to the Westminster, Manchester, London Bridge and Finsbury Park attacks, and also produced an operational improvement review to identify changes to improve their future performance.My predecessor as Home Secretary asked David Anderson QC (now Lord Anderson of Ipswich KBE QC) to provide independent assurance of those reports. Lord Anderson published his assessment of the review process in December 2017.My predecessor commissioned Lord Anderson to conduct a stock-take a of the progress made by January 2019 in implementing the recommendations that had been generated by the review process.Today, the Government is publishing Lord Anderson’s public summary of his stock-take. Lord Anderson has also provided me with a classified report, which has been copied to the Intelligence and Security Committee of Parliament and Investigatory Powers Commissioner.In his stock-take, Lord Anderson says that implementation of the recommendations has been tackled with energy and commitment. He notes that as of January 2019 85% of the 104 recommendations were complete or on track for delivery. He also notes that, with very limited exceptions, recommendations were forecast to be complete on schedule, by the end of the year. He does however note some remaining obstacles for delivery of the remaining recommendations, which are set out in his report.My department will work closely with MI5 and CT Policing on delivery of the remaining recommendations over the coming months.My thoughts remain with the victims and all those affected by the 2017 attacks in Westminster, Manchester, London Bridge, Finsbury Park and Parsons Green.Copies of the unclassified stock-take report will be made available on Gov.UK and will be placed in the Libraries of the House.


This statement has also been made in the House of Lords: 
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